Entry level California home costs up 88% since 2020.

[ultrarunner]

2019 was the golden year… things had finally come together and Oakland was coming into its own…

Pandemic crushed it cold…

The President said something about deploying the National Guard to Oakland this week.

Property values are down.

But also in SF, Richmond, etc… price reduction and concessions are common.

 

[CloverKnollFarms]

We are seeing a real slow down in Indiana right now in real estate. My wife sold $5m in the past 8 months, but the last two months the phones are silent. A lot of realty groups are sounding the alarm now.

Good news, she was already enrolled to finish her college degree and planned to leave real estate this fall anyway! She will have her degree in hand next summer in the healthcare field.

So, for the next year we will both be retired

 

[ultrarunner]

Los Angeles inventory is now at a 10 year high and growing…

The local for sale signs are languishing and Spring/Summer is generally the busy time…

The flip side is the rental market firms when sales slow… at least from what I’ve seen.

 

[D&D]

well, how large is that fenced, paved unoccupied parcel? How many housing units can it accommodate?
City planners, IMO, are feeding themselves. More rooftops, more people, more government services needed. More staff means more supervision, larger the pool gets the more salary they deserve and the higher your taxes go.
Of course that opinion neglects any forms of kickback deals the developers may make with the local government officials.

One other point, politics are built on census numbers. Work places don't bring as many voters as townhouses (row houses) and apartments /condos.

 

[Torvy]

One other point, politics are built on census numbers. Work places don't bring as many voters as townhouses (row houses) and apartments /condos.

That made sense before they started swagging the numbers. Now they get some real data and then guesstimate how many they may have missed. When power is derived from the numbers, it is ripe for abuse and difficult to catch/stop.

 

[2manyrocks]

I think they've tightened up on absentee ballots and voter ID in Tennessee, but in other states, I get the impression that they don't want voter ID requirements because they'd lose some voters that maybe aren't eligible to vote.

The story in my town is that some paper ballots got thrown in the river back in the 1940s or 50s because the guys counting the votes didn't like how those people voted. Didn't ever hear the names involved.